PHIGER
ActiveThe computed 12-month bankruptcy probability of PHIGER is 1.6% (moderate). The 2025 annual accounts show negative equity (€-56k) and a net result of €-114k. Its solvency ranks better than 8% of 637 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-24
Solvency19▼-81
Growth32
Track record82
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 5.85 in 2024; short-term debt: 47.2% and cash: 0.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.9%
Return on assets
-12.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-56k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
17 d early
2024
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-114k▼ 4,140%
2024 · €-3k
2024: €-3k
2024 → 2025
Working capital
€-313k
2024 · €52k
2024: €52k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€59k-€-56k
Operating result€-3k-€-97k▼ 3,484%
Net result€-3k-€-114k▼ 4,140%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €97k in 2025 against €3k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €924k
Fixed assets
€791k▲ 11,770%
Current assets
€134k▲ 112%
Key figures and ratios
EBITDA
€-42k
Cash flow
€-60k
Solvency
-5.9%▼
2024 · 84.5%
Current ratio
0.30▼
2024 · 5.85
Quick ratio
0.26▼
2024 · 5.85
Debt / equity
-17.99▼
2024 · 0.18
ROA
-12.1%▼
2024 · -3.9%
Interest coverage
-2.38
Debt
€1.00M▲
2024 · €11k
Debt ≤ 1 year
€446k▲
2024 · €11k
Debt > 1 year
€555k
Staff costs
€171k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€70k€946k▲
Formation expenses20-€22k
Fixed assets21/28€7k€791k▲
Tangible fixed assets22/27€7k€791k▲
Plant, machinery and equipment23-€306k
Furniture and vehicles24-€50k
Other tangible fixed assets26-€435k
Assets under construction and advance payments27€7k€0▼
Current assets29/58€63k€134k▲
Stocks and contracts in progress3-€16k
Stocks30/36-€16k
Amounts receivable within one year40/41€63k€107k▲
Trade receivables40-€14k
Other amounts receivable41€63k€93k▲
Cash at bank and in hand54/58-€7k
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€70k€946k▲
Equity10/15€59k€-56k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-3k€-117k▼
Amounts payable17/49€11k€1.00M▲
Amounts payable after more than one year17-€555k
Financial debts170/4-€555k
Amounts payable within one year42/48€11k€446k▲
Current portion of amounts payable after more than one year42-€92k
Trade debts44€11k€96k▲
Suppliers440/4€11k€96k▲
Taxes, remuneration and social security45-€36k
Taxes450/3-€2k
Remuneration and social security454/9-€34k
Other amounts payable47/48-€222k
Income statement
Code20242025
Non-recurring operating income76A-€140
Remuneration, social security and pensions62-€171k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€55k
Other operating charges640/8-€939
Non-recurring operating charges66A-€146
Gross operating margin9900€-3k€130k▲
Operating profit (loss)9901€-3k€-97k▼
Financial charges65/66B-€18k
Recurring financial charges65-€18k
Profit (loss) for the period before taxes9903€-3k€-114k▼
Profit (loss) for the period9904€-3k€-114k▼
Profit (loss) for the period to be appropriated9905€-3k€-114k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-117k▼
Profit (loss) brought forward from the previous period14P-€-3k
Social balance
Average headcount (FTE)9087-7.0
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place de St Symphorien 247030 MonsGround area
1.7 ha
Parcel 56058B0564/00T003, Wallonia. Linked by address, not a title deed.
1 establishment unit
PHIGER
since 20242.366.905.809
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56058B0564/00T003 | Wallonia | 1.7 ha | - | - |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyHam-sur-Heure-Nalinnes2.366.905.809
Similar companies · same sector, comparable size
LERAND
BE 1027.908.208
Mons · Eq €59k
Tarterie Li-Ja
BE 0655.665.956
Kortrijk · Eq €59k
BAKKERIJ SEYEN
BE 0849.746.130
Tessenderlo-Ham · Eq €59k
BFC-Boulangerie Florentin & Céline
BE 0793.918.967
Viroinval · Eq €59k
BAKKERIJ ALBERT
BE 0420.749.376
Hasselt · Eq €59k
Of 4,228 companies in sector 10712 we hold annual accounts for 1,870. 1,560 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-11-2024
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.